Gov’t Grants 3M Extension for Payment of Real Estate Arrears

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has approved the extension of full payment of residential and non-residential arrears to March 15, with fines exemption.

El Gazzar Calls for Regular Follow-Up on ‘Residence for all Egyptians’ Project

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has emphasized the need for adherence to deadlines and continuous follow-up on the construction of housing units in the “Residence for all Egyp ...

Deliveries at NAC’s Capital Residence to Start January 3: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has unveiled plans to deliver several housing units in Capital Residence, located in the New Administrative Capital's (NAC) R3 District, from J ...

Mountain View Signs Deal to Develop IT Infrastructure at iCity Projects

Mountain View has signed a strategic cooperation agreement with Huawei Technologies to develop information technology (IT) infrastructure at its “iCity” projects in east and west Cairo, with investments exceeding ...

New Aswan Sees 66 Villas Done, 84 Others in Store for Mid-2021

Merely 66 fully-finished villas overlooking the Nile River, nestled within New Aswan's in-progress 6,000-meter-long tourist strip, have been delivered, with 84 others in the pipeline for handover before July 2021. ...

New Cairo Awaits Completion of 1,625 Dar Misr Units Next January

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh has inspected work on phase II of New Cairo's Dar Misr middle-income housing project, affirming that 1,625 apartments (69 residential ...

MIP Posts EGP 2 bn Contractual Sales in 2020: CEO

Egypt-based real estate developer Misr Italia Properties (MIP) has managed to record contractual sales of EGP 2 bn in 2020, paired with the delivery of mixed-use units at five different property projects nationwid ...

Public Sector Endows 60% of Egypt’s Annual Property Investments: Abbas

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas has confirmed that the annual investments in the real estate sector stand at EGP 700 bn - EGP 800 bn, of which 60% ar ...

AlKarma Rolls Out New EGP 1.8 bn Compound in Sheikh Zayed

AlKarma Developments has rolled out its newest property project in west Cairo's Sheikh Zayed, called "AlKarma Gates," with investments totaled at EGP 1.8 bn, intending for completion by 2024.

Ghabbour, Other Investors Acquire NCHD for USD 50 mn

Some Egyptian businessmen have recently acquired the New City Housing and Development Company (NCHD), a subsidiary of Orascom Development Egypt (ODE), through an English investment fund and one of GB Capital compa ...

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